UK economy 'not prepared' for no-deal Brexit: BoE chief

Britain's economy is "not yet prepared" for a disorderly no-deal departure from the European Union next month, Bank of England governor Mark Carney warned Thursday.

"Although many companies are stepping up their contingency planning, the economy as a whole is still not yet prepared for a no-deal no-transition exit," Carney said after the central bank slashed its economic growth forecasts.